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CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Cash flows from operating activities    
Cash from operations $ 251,859 $ 166,607
Income taxes paid (14,443) (16,099)
Payment for rent (2,285) (2,543)
(Payment)/refund for tower and tower equipment decommissioning (4) 138
Net cash generated from operating activities 235,127 148,103
Cash flow from investing activities    
Purchase of property, plant and equipment (105,417) (65,876)
Payment in advance for property, plant and equipment (35,802) (50,839)
Purchase of software and licenses (7,252) (288)
Consideration paid on business combinations, net of cash acquired   (317,379)
Proceeds from disposal of property, plant and equipment 561 93
Insurance claims received 144 1,150
Interest income received 6,498 3,128
Deposit of short term deposits (63,710) (121,599)
Refund of short term deposits 16,729 51,460
Net cash used in investing activities (188,249) (500,150)
Cash flows from financing activities    
Bank loans received 368,096 54,679
Bank loans repaid (264,345) (36,667)
Fees on loans and derivative instruments (6,508) (2,860)
Interest paid (68,503) (54,098)
Payment for the principal of lease liabilities (20,059) (15,350)
Interest paid for lease liabilities (12,120) (6,694)
Initial margin received on non-deliverable forwards   5,844
Losses received on nondeliverable forwards   (2,741)
Net cash used in financing activities (3,439) (57,887)
Net increase/(decrease) in cash and cash equivalents 43,439 (409,934)
Cash and cash equivalents at beginning of year 514,078 916,488
Effect of movements in exchange rates on cash (41,928) 2,055
Cash and cash equivalents at end of year $ 515,589 $ 508,609